Thai investment bids reach record high

Thai investment bids reach record high
Thailand’s Board of Investment Secretary-General Udom Wongwiwatchai

Applications for investment incentives in Thailand have reached a record level of nearly $48 billion in 2012, the country’s Industry Ministry announced on January 10.

Industry Minister Prasert Boonchaisuk said the investment promotion value increased 131 per cent year-on-year, while the number of projects rose 29.7 per cent also year-on-year.

More than 50 per cent of the investment applications came from Japan, followed by the Netherlands and Singapore. Following approved projects, around 348,000 persons were hired, a 61 per cent increase compared to 2011.

For 2013, Thailand has set a promotion investment target of up to $23.3 billion, lower than the 2012 target, as many investors applied for investment promotions in 2012 because investment promotions were ending at the year-end.

The new Secretary-General of the Thai Board of Investment, Udom Wongwiwatchai, said a new investment promotion will be finished by the middle of 2013 and will continue to support high value-added industries and labour-intensive industries.



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[caption id="attachment_6374" align="alignleft" width="154"] Thailand's Board of Investment Secretary-General Udom Wongwiwatchai[/caption] Applications for investment incentives in Thailand have reached a record level of nearly $48 billion in 2012, the country's Industry Ministry announced on January 10. Industry Minister Prasert Boonchaisuk said the investment promotion value increased 131 per cent year-on-year, while the number of projects rose 29.7 per cent also year-on-year. More than 50 per cent of the investment applications came from Japan, followed by the Netherlands and Singapore. Following approved projects, around 348,000 persons were hired, a 61 per cent increase compared to 2011. For 2013, Thailand has set...

Thai investment bids reach record high
Thailand’s Board of Investment Secretary-General Udom Wongwiwatchai

Applications for investment incentives in Thailand have reached a record level of nearly $48 billion in 2012, the country’s Industry Ministry announced on January 10.

Industry Minister Prasert Boonchaisuk said the investment promotion value increased 131 per cent year-on-year, while the number of projects rose 29.7 per cent also year-on-year.

More than 50 per cent of the investment applications came from Japan, followed by the Netherlands and Singapore. Following approved projects, around 348,000 persons were hired, a 61 per cent increase compared to 2011.

For 2013, Thailand has set a promotion investment target of up to $23.3 billion, lower than the 2012 target, as many investors applied for investment promotions in 2012 because investment promotions were ending at the year-end.

The new Secretary-General of the Thai Board of Investment, Udom Wongwiwatchai, said a new investment promotion will be finished by the middle of 2013 and will continue to support high value-added industries and labour-intensive industries.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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